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The image shows a bar graph comparing the percentage change in average house prices from 1989 in five cities - New York (USA), Madrid (Spain), Tokyo (Japan), Frankfurt (Germany), and London (UK) - during two separate time periods: 1990-1995 and 1996-2002. For 1990-1995, New York had a 5% decrease, Madrid a 2% increase, Tokyo a 7% decrease, Frankfurt a 3% decrease, and London a 7% decrease. For 1996-2002, the changes were a 10% increase for New York, 6% for Madrid, a 5% decrease for Tokyo, a 2% increase for Frankfurt, and a 12% increase for London.
Given the complexity of the image, the above description may not be entirely accurate.
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The bar chart illustrates the changes in average house prices in five different cities—New York, Frankfurt, London, Tokyo, and Madrid—during two periods, 1990-1995 and 1996-2002, in comparison to 1989.
From 1990 to 1995, the average house prices fell across all the cities except Madrid and Germany. The most significant declines occurred in Tokyo and London, amounting to just under 8%, while the cuts in New York were somewhat smaller – 5%.
Moving on to the period from 1996 to 2002, there was a notable shift in trends. London has seen an extraordinary rise in house prices, with the average price rising by about 20%. In Tokyo, there were not strong changes and the price increased by about 3%.
In summary, the house prices behaved differently across the cities over the two periods.
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